Another Firm Targeted by DOL Over Inaccurate ESOP Valuations
An Ohio-based transportation and logistics company is accused of overpricing its company stock by nearly $6 million.
Tag: Litigation
Court’s Decision About State Street’s Handling of GM Stock Stands
The U.S. Supreme Court denied a petition for writ of certiorari that questioned its logic in the case of Fifth...
Court Moves Forward Great-West ERISA Suit
A federal judge has certified as a class action a case regarding Great-West Life & Annuity Insurance Company’s handling of...
Court Finds Former Participant Is a Plan Fiduciary
According to a federal court, Pamela Neely is a plan fiduciary because she controls assets of the plan she received...
New Church Plan Lawsuit Presents a Different Angle
While other lawsuits question a retirement plan’s “church plan” status, a new suit contends a church plan elected to be...
MassMutual Accepts Settlement Terms in Excessive Fee Suit
The recordkeeper agrees to pay $31 million to cover claims of excessive fees in its retirement plans.
PSNC 2016: Washington Insights
Litigation is the main concern for DC plan sponsors right now.
Third Time’s a Charm in Lehman Brothers Stock Drop Suit
In its third visit to the 2nd Circuit, an Employee Retirement Income Security Act (ERISA) lawsuit was decided in favor...
Constitutionality Question Raised in Church Plan Challenge
Participants in a “church plan” say their employer improperly claimed the protected status, violating both ERISA and potentially the U.S....
Opinions |
Barry’s Pickings Online: Investment Choice and Fee Litigation
If you give retirement plan participants enough good (that is, efficiently-priced) choices, can you include funds in the fund menu...
DOL Supports Reformation of Foot Locker Cash Balance Plan
The DOL disagreed with Foot Locker’s argument that each participant must show he or she detrimentally relied on Foot Locker's...
Court Allows Participants to Seek Plan Reformation Relief
A federal appellate court has determined that retirement plan participants’ equitable relief claims under ERISA are not duplicative of their...
Supreme Court Spokeo Decision Could Affect ERISA Plan Litigation
The high court ruling regards establishing whether a plaintiff has alleged a ‘concrete’ injury.
Sponsor Facing Sizable Settlement for Poor ESOP Valuations
Count employer stock purchases within ESOPs among the activities receiving significant scrutiny from participants, regulators and litigators.
New Excessive Fee Suit Targets Advice, SDBAs
A lawsuit accuses Fidelity of receiving “kickbacks” from Financial Engines and leading retirement plan participants that use its SDBA option...
Retirement Plan Excessive Fee Suits Move Down Market
A Minnesota collision shop is being sued regarding its 114-participant 401(k) plan.
Supreme Court Revives Part of Verizon PRT Challenge
The high court disagreed with the dismissal of certain plaintiffs’ claims for lack of standing.
BB&T Finds Itself Targeted in Self-Dealing ERISA Suit
Those in the retirement plan industry hoping for a slowdown in ERISA-based lawsuits will be disappointed to read of a...
DOL Says Government Contractor Failed to Make 401(k) Contributions
The agency is seeking nearly $250,000 for 401(k) plan participants.
Former Plan Administrator in Contempt of Court Order Arrested
The DOL accused John Koresko V and other defendants of siphoning money from death benefit plans.